Direct Underwriter I at MERITRUST CREDIT UNION

Wichita, Kansas, United States -

Full Time

Start Date

Immediate

Expiry Date

28 Feb, 26

Salary

39.26

Posted On

30 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Consumer Lending Practices, Underwriting, Loan Processing, Risk Management, Federal And State Lending Regulations, Financial Products, Analytical Skills, Communication Skills, Interpersonal Skills, Organizational Skills, Time Management Skills, Microsoft Office Suite, Decision-Making Skills, Confidentiality, Coaching, Teamwork

Industry

Banking

Description

Job Details Level: Experienced Job Location: Wichita, KS Position Type: Full Time Education Level: 2 Year Degree Salary Range: $26.17 - $39.26 Hourly Job Shift: Day Job Category: Admin - Clerical Direct Underwriter I We recognize that in order to meet the needs of our communities, we must represent our communities. Our success relies on creating a culture where we have diverse perspectives and a true sense of belonging. This is a journey, and we pledge to do more than simply check the box. When you join the Meritrust team, your benefits will include: Comprehensive medical insurance plan Dental and vision insurance Generous paid-time-off 12 paid holidays Annual bonus (based off of annual results/scorecard each year) 401(k) plan Wellness program Tuition assistance Employee loan discount Employee Assistance Program (EAP) Life and disability coverage What sets working for Meritrust apart? Career development and pathing opportunities to move into leadership roles or other lines of business within MCU such as Commercial Lending, Finance, Marketing, Underwriting, Member Solutions, Training, Human Resources, and more. Supportive and engaging work environment. A wellness and sustainable work culture that puts family, Mother Nature, our community, and your health first. A work environment that encourages personal as much as professional growth, teamwork to make the dream work, and treating everyone equally. Studies have shown that individuals from marginalized and or historically underrepresented groups may be less likely to apply for jobs unless they meet every one of the qualifications listed. We are most interested in finding the best candidate for the job. We would encourage you to apply for a job at Meritrust Credit Union, even if you don’t meet every one of our qualifications listed. This is a full-time position working 40 hours a week, Monday-Friday 8:00am - 5:00pm. POSITION SUMMARY: The Direct Underwriter I role is primarily responsible for delivering exceptional service to both internal and external members. The position involves evaluating loan applications, conducting thorough reviews, and making timely, well-informed lending decisions. ESSENTIAL FUNCTIONS: Review and render decisions on direct loan applications, ensuring adherence to established service level agreements (SLAs). Analyze credit reports, financial ratios, and other relevant data to support sound lending decisions. Assess applicant and co-applicant eligibility based on membership criteria, credit policies, and product guidelines. Detect and appropriately manage potentially fraudulent applications. Support portfolio management strategies to maintain target goals for Weighted Average Rate (WAR) and delinquency. Communicate clearly and professionally with internal loan officers regarding underwriting decisions, approval conditions, credit reports, and applicable federal regulations. Evaluate supporting documentation such as tax returns, pay stubs (including tip income and shift differentials), and other financial records to ensure accuracy and completeness. Actively engage in personal and professional development, embracing coaching and feedback. Build strong relationships with teammates, credit union staff through effective and respectful communication. Demonstrate sound judgment and decision-making skills while adhering to lending compliance standards and mitigating risk. Represent the credit union positively through professional appearance and courteous demeanor. Maintain strict confidentiality in all matters related to the credit union, its members, and dealership partners. Perform additional duties as assigned by the Direct Lending Manager or Senior Direct Underwriter. Qualifications Education/Certification: Bachelor's degree in Business Administration, Finance, Economics, or a related field preferred. Required Knowledge: In-depth knowledge of consumer lending practices, including underwriting, loan processing, and risk management. Familiarity with federal and state lending regulations and compliance requirements. Understanding of financial products and services offered by credit unions. Experience Required: Minimum of 2 years’ lending experience in a financial institution or related entity preferred. Experience in a credit union or similar financial institution is highly desirable. HARD/TECHNICAL SKills/Abilities: Proficiency in lending software and loan origination systems. Strong analytical skills with the ability to interpret financial data and make informed decisions. Excellent communication and interpersonal skills. Strong organizational and time management skills, with the ability to manage multiple priorities and meet deadlines. Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint). WORKING CONDITIONS Low to moderate noise Limited lifting up to 25 lbs. Standard office conditions This description has been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Essential functions, requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate. In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization. The Credit Union believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors. Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law. This Job Description is not a complete statement of all duties and responsibilities of this position and may change with or without notice. Final Compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity. We anticipate this position to close within 30 days of posting. Please submit your application at your earliest convenience to be considered. You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Meritrust Credit Union, we encourage you to apply! Thank you for your interest in Meritrust Credit Union.

Responsibilities

The Direct Underwriter I role is responsible for delivering exceptional service to both internal and external members by evaluating loan applications and making informed lending decisions. This includes analyzing credit reports and financial data to support sound lending practices while adhering to compliance standards.